Interim Management Statement


 

TIDMCML 
 
RNS Number : 6249X 
CML Microsystems PLC 
19 August 2009 
 
CML Microsystems Plc 
 
 
AGM and Interim Management Statement 
 
 
CML Microsystems Plc ("CML"), which designs, manufactures and markets a broad 
range of integrated circuits, primarily for global communication and data 
storage markets, today held its Annual General Meeting at Layer Marney Tower, 
Essex. 
 
 
Following the formal proceedings of the AGM and in accordance with the UK 
Listing Authority's Disclosure and Transparency Rules, the following Interim 
Management Statement was read to shareholders by Chairman, George Gurry: 
 
 
 
 
Interim Management Statement 
 
 
This statement relates to the period from 1 April 2009 to date and embraces the 
unaudited results for the Group's opening trading quarter for the financial year 
ending March 31 2010. 
 
 
Market conditions reported at the time of the preliminary results announcement 
in June have continued through the period under review. Semiconductor shipments 
into wireless and storage markets dominated Group revenues whilst, 
geographically, the majority of sales were to Far East territories. 
 
 
Continuing weak revenue levels and an adverse currency effect were somewhat 
offset by lower operating costs and improved margins resulting in the net 
trading performance being broadly in line with management expectations. 
 
 
There have been no other material events or transactions since 1 April 2009. 
 
 
The outlook is for similar trading conditions to persist for the remainder of 
the calendar year with overall expectations for a full year improvement, 
 
 
 
 
 
 
19 August 2009 
 
 
 
 
 
 
 
 
 
 
Enquiries: 
 
 
CML Microsystems Plc 
Chris Gurry, Managing Director    Tel: 01621 875500 
Nigel Clark, Financial Director 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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